Question: Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions have upon cash and net

 Transactions that affect earnings do not necessarily affect cash. Identify the

Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance enter with negative sign preceding the number eg. 15,000 or parentheses eg. (15,000).)

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